Swapp Whitepaper
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FAQ
When did Swapp launch?
Swapp protocol launched June, 2021 on Ethereum mainnet
Presale details?
How many tokens were distributed?
25,000 * 1000 = 25,000,000 Swapp tokens
Is there a Lock up on pre-sale?
No.
How much was raised and how much is allocated to liquidity?
We raised our hard cap of 1000 BNB or $540,000 BUSD at the time. 40% has been allocated to liquidity on Cronos.
Have the pre-sale tokens been distributed?
Additionally follow the instructions in Broken link to see your swapp tokens in the wallet you contributed from!
When will farming start?
Coming soon.
When will audit be completed?
There is currently an audit in progress by Certik.
When will there be an insert token farm?
There are strict requirements to add a farm from a project. CryptoSwapp will be announcing farms before they are launched.
Is there a transaction fee on CryptoSwapp?
Every swap has a 0.25% fee. 0.17% of that goes to LP providers and 0.08% goes to the Swapp Treasury. Please refer to the Broken linksection for more information.
Is there a transaction fee on Swapp Token
There is a 5% transaction fee on any trade that happens with the Swapp Token that gets allocated directly to the Swapp/WCRO liquidity pool.
What is impermanent loss?
Impermanent loss is a change of value of assets compared to when you deposited them. The larger the change of value, the more loss occurs. The loss is reversible when the values return to what they were at the time of deposit. If assets are removed from the pool before the return to the original pricing, then the impermanent loss becomes permanent.
Will there be an auto compound?
Not in the short term. It is an option currently being explored.
What is slippage?
Slippage refers to the difference between the expected price of a trade and the price at which the trade is executed. Slippage can occur at any time but is most common during periods of higher volatility when market orders are used. It can also occur when a large order is executed but there isn't enough volume at the chosen price to maintain the current bid/ask spread.
For example, if the price of the token has changed by the time you initiated the transaction, your swap will succeed as long as the difference is within the percentage you chose as the slippage.
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Contents
When did Swapp launch?
Presale details?
How many tokens were distributed?
Is there a Lock up on pre-sale?
How much was raised and how much is allocated to liquidity?
Have the pre-sale tokens been distributed?
When will farming start?
When will audit be completed?
When will there be an insert token farm?
Is there a transaction fee on CryptoSwapp?
Is there a transaction fee on Swapp Token
What is impermanent loss?
Will there be an auto compound?
What is slippage?